Traffic, fare increases propel Midwest to profit

Midwest Air Group, parent of Midwest Airlines and Skyway Airlines, reported second-quarter net income of $8.8 million, compared to a loss of $8.2 million in the year-ago quarter, on a 34.4% jump in revenues to $176.9 million. "A strong increase in passengers and an improved fare environment helped offset soaring fuel costs in the quarter," Chairman and CEO Timothy Hoeksema said. The company posted operating income of $7.5 million, an improvement over an operating loss of $8.2 million last ...

The Civil Aviation Authority of Singapore (CAAS) and FAA signed a revised version of their Bilateral Aviation Safety Agreement-Implementation Procedures for Airworthiness (BASA-IPA) on the sidelines of the Singapore Air Show this week....More

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